Brief: AMMB bids for Hwang-DBS
AMMB Holdings, an associate of ANZ, may submit a final bid for investment bank Hwang-DBS (Malaysia), Reuters reported. Singapore-based DBS and Malaysia's Hwang Enterprises are the vendors. Other bidders include Affin Holdings Bhd. Malaysian newspaper The Edge reported that Affin, the second smallest bank in the country, submitted the highest preliminary non-binding bid, of around 1.6 billion ringgit (US$517 million).